Risk management monitoring

Determine how to minimize or eliminate any potential adverse impacts throughout the product s lifecycle. The key deliverable from Step 4 is the Plan for Risk Management, Monitoring, Compliance, and Reporting, based on the gathered exposure information. 

Plan and timeline for risk management, monitoring, compliance, and... 

Exposure assessments have become an essential element of contemporary risk assessment (NAS/NRC, 1983). The primary purpose of exposure assessment is to qualitatively and/or quantitatively determine exposure and absorbed dose associated with a particular use practice or human activity. Contemporary exposure assessors and risk managers place a high premium on accurate data obtained by monitoring chemical exposure scenarios and critical human activities or work tasks. 

Risk assessment constitutes a cornerstone for the control of chemicals for both scientific and management purposes. Environmental risk management deals with regulatory measures based on risk assessment [3], Strategies such as the prioritization of chemicals represent a useful tool to optimize efforts for both regulatory and monitoring purposes [4, 5]. 

Risk characterization provides a basis for discussions of risk management between risk assessors and risk managers (US EPA 1998). These discussions are held to ensure that results of risk analysis are presented completely and clearly for decision makers, thus allowing any necessary mitigation measures (e.g., monitoring, collecting additional data to reduce uncertainty, etc.). 

USEPA s Risk Management Program monitors large chemical producers, including petroleum refiners, petrochemical manufacturers, and nitrate-fertilizer manufactur-... 

In addition to the facilities monitored by the Risk Management Program, numerous facilities with smaller quantities of such chemicals can raise homeland security concerns. In particular, the fifteen thousand facilities in the program exclude retail outlets for flammable chemicals used as fuel, which are not required to report to USEPA. The many smaller suppliers, transporters, and consumers of those chemicals may hold sufficient quantities of dangerous materials to cause harm if the materials were released or set on fire. They may also have the information or equipment necessary to make even more dangerous substances. Further, because those smaller potential targets are especially dispersed and potentially more difficult to defend, they may be attractive as terrorist targets (GAO 2004). 

The Important Role of Pharmacists in a Complex Risk-Management System Managing the Risks from Medical Product Use by Focusing on Patient Education, Monitoring, and Adverse Event Reporting... 

EMEA The European Risk Management Strategy (ERMS) aims to provide a more coherent approach to the detection, assessment, minimization and communication of risks of medicines in Europe. This should lead to a more proactive approach to safety monitoring of medicines throughout their life-cycle. ... 

Risk management comprises three elements risk evaluation, emission and exposure control, and risk monitoring. 

The use of risk management techniques in identifying product requirements, establishing processes and process control and monitoring methods, evaluating quality data, identifying appropriate corrective and preventive actions to address quality problems, and for other quality-related activities can increase the overall efficiency and effectiveness of the quality system. 

Risk management should be central to the planning, budgeting, and acquisition process. Failure to analyze and manage the inherent risk in all capital asset acquisitions may contribute to cost overruns, schedule shortfalls, and acquisitions that fail to perform as expected. For each major capital project, a risk analysis that includes how risks will be isolated, minimized, monitored, and controlled may help prevent these problems. 

The risk management process may involve the following steps risk classification, risk-benefit analysis of risk reduction options, implementation of risk reduction measures, and monitoring these measures (Van Leeuwen and Vermeire 2007). 

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